If The Fed Doesn't Raise Rates In December, Bill Gross Will Change His Name To 'Pimco Rocks'

Bill Gross said there is a “100 percent chance” the Federal Reserve will raise interest rates in December after jobs surged. “They are ready to go,” Gross said in an interview with Tom Keene and Michael Mckee of Bloomberg Radio after the Labor Department reported that the U.S. economy added a better-than-expected 271,000 jobs in October and wages rose the most in more than six years. [Bloomberg, related]

Bill Gross wrote about death in his latest Investment Outlook; hopefully next month he'll return to his regularly scheduled programming of sartorial advice and vivid accounts of the first time he played 7 Minutes in Heaven.